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ILZSG sees Lead surplus of 71k tonnes this year

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LISBON (Scrap Register): World lead mine production is expected to rise by 1.8% to 4.75 million tonnes in 2019, principally due to expected increases in China and India, according to latest estimates from the International Lead and Zinc Study Group (ILZSG).

Output is also predicted to rise in Canada, Europe and South Africa. However, in Mexico, Peru and the United States lead concentrates supply is expected to be lower than in 2018, ILZSG said.

World refined lead metal production also expected to rise by 2.5% to 11.94 million tonnes in 2019, mainly influenced by further rises in China and India. Production is predicted to expand by 14.3% in Australia in 2019, by 3.6% in the Republic of Korea and by 2.9% in Europe, influenced by rises in Belgium and Italy.

Having taken into account all of the information recently received from its member countries, the Group anticipates that global supply for refined lead metal will exceed demand by 71,000 tonnes in 2019, the report said.

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